Episode 55: The Evolution of Entrepreneurship: Ryan Deiss on Growing and Scaling Businesses Part 1

Today, our host Bob Gauvreau interviews Ryan Deiss, a seasoned entrepreneur with a remarkable journey from selling eBooks online to managing multiple successful companies. Ryan dives into his entrepreneurial journey, emphasizing the unique calling of entrepreneurship and the hurdles he overcame to achieve success.

Ryan shares invaluable insights on the necessary mindset shift for overwhelmed entrepreneurs. He explains why the strategies that fuel initial success may not work for scaling up. Introducing the concept of "The Founder's Curse," Ryan highlights the paradox where being too essential to your business can actually reduce its overall value.

The discussion also covers common growth misconceptions, such as the ineffectiveness of simply working harder or adding more resources. Ryan provides practical advice on developing efficient systems and processes, underscoring the importance of a robust operating system.

If you're ready to scale your business without sacrificing your sanity, don't miss this episode. Tune in now for transformative insights and take your business to the next level!

Episode Highlights:

• 00:00 Welcome to The Wealthy Entrepreneur Podcast
• 01:40 Entrepreneurship, Career Paths, and Personal Growth
• 03:21 Starting a Business in the Early 2000s, With Ups and Downs Along the Way
• 07:23 Entrepreneurship, Doubt, and Taking Risks
• 12:27 Entrepreneurship Challenges and Scaling Businesses Without Sacrificing Personal Life
• 19:17 Entrepreneurship, Scaling, and Wealth Strategies
• 25:53 Tax-efficiently Managing Business Profits to Avoid Giving Half to the Government
• 28:26 Avoiding Common Mistakes When Scaling a Business

About the Guest:
Ryan Deiss is a serial entrepreneur, author, and investor, and according to Shark Tank star Daymond John, “His companies practically own the internet.” Ryan is the Founder and CEO of The Scalable Company (Scalable.co), DigitalMarketer.com, and a Founding Partner at Scalable Equity, LLC, an equity accelerator that builds, acquires, and invests inB2B media, services, and software brands. Ryan is also the founder and host of the Traffic & Conversion Summit, the largest digital marketing conference in North America. He also quite literally wrote the book on modern marketing, Digital Marketing For Dummies (Wiley), which is now in its second edition. As a sought-after speaker, Ryan has shared the stage with top business leaders and celebrities like Sir Richard Branson, Gary Vaynerchuk, Sarah Blakely, Martha Stewart, Tim Ferris, Daymond John, and Dave Ramsey.

Connect with Ryan:

• Twitter / X: https://twitter.com/ryandeiss
• Instagram: https://www.instagram.com/ryandeiss/
• LinkedIn: https://www.linkedin.com/in/ryandeiss/
• Scalable.co Website: https://scalable.co/
• Scalable.co’s Instagram: https://www.instagram.com/scalableco/
• Scalable.co’s Facebook: https://www.facebook.com/scalableco

Resources:

• Download the PDF Book HERE: https://drive.google.com/file/d/1BVyH5clHN7BFNlP4tXdVZrEfsv2cMWN8/view?usp=sharing
• Visit the Million Dollar Year Website: https://www.milliondollaryear.ca/ 
• Download The Wealthy Entrepreneur (digital book) for FREE: https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in 
• Like our Facebook Page at https://www.facebook.com/milliondollaryearprogram 
• Join The Wealthy Entrepreneur Community for FREE at https://www.facebook.com/groups/gauvreaucpa 

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Let’s continue to work on becoming a Wealthy Entrepreneur!